-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QsUUPlHxTHlHHq5/GPd7/i+1hmyNqV06wtycfzug/iMWs0vXLQVivcRjHTwhYJLm YEBUidOWNwNnKhBiWA7SOA== 0000950124-96-005664.txt : 19961231 0000950124-96-005664.hdr.sgml : 19961231 ACCESSION NUMBER: 0000950124-96-005664 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961230 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER AGGRESSIVE GROWTH FUND CENTRAL INDEX KEY: 0001024112 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-13681 FILM NUMBER: 96687821 BUSINESS ADDRESS: STREET 1: 120 SOUTH LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3124991569 MAIL ADDRESS: STREET 1: 120 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER FLEXIBLE GROWTH FUND DATE OF NAME CHANGE: 19961002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER GROWTH FUND CENTRAL INDEX KEY: 0000095601 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 366139662 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-24392 FILM NUMBER: 96687822 BUSINESS ADDRESS: STREET 1: 120 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3127811121 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER GROWTH FUND INC DATE OF NAME CHANGE: 19870120 FORMER COMPANY: FORMER CONFORMED NAME: SUPERVSED INVESTORS GROWTH FUND INC DATE OF NAME CHANGE: 19780831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER TOTAL RETURN FUND CENTRAL INDEX KEY: 0000095603 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 366103490 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-21789 FILM NUMBER: 96687823 BUSINESS ADDRESS: STREET 1: 120 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3127811121 MAIL ADDRESS: STREET 1: 120 S. LASALLE STREET CITY: CHICAGO STATE: IL ZIP: 60603 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER TOTAL RETURN FUND INC DATE OF NAME CHANGE: 19871206 FORMER COMPANY: FORMER CONFORMED NAME: SUPERVISED INVESTORS INCOME FUND INC DATE OF NAME CHANGE: 19780817 FORMER COMPANY: FORMER CONFORMED NAME: BALANCED INCOME FUND INC DATE OF NAME CHANGE: 19600201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER SMALL CAPITALIZATION EQUITY FUND CENTRAL INDEX KEY: 0000095605 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 362668415 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-29804 FILM NUMBER: 96687824 BUSINESS ADDRESS: STREET 1: 120 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3127811121 MAIL ADDRESS: STREET 1: 120 S. LASALLE STREET CITY: CHICAGO STATE: IL ZIP: 60603 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER SUMMIT FUND DATE OF NAME CHANGE: 19920205 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER SUMMIT FUND INC DATE OF NAME CHANGE: 19851203 FORMER COMPANY: FORMER CONFORMED NAME: SUPERVISED INVESTORS SUMMIT FUND INC DATE OF NAME CHANGE: 19770604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER TECHNOLOGY FUND CENTRAL INDEX KEY: 0000096790 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 366051878 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-10668 FILM NUMBER: 96687825 BUSINESS ADDRESS: STREET 1: 120 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3127811121 MAIL ADDRESS: STREET 1: 120 S. LASALLE STREET CITY: CHICAGO STATE: IL ZIP: 60603 FORMER COMPANY: FORMER CONFORMED NAME: TECHNOLOGY FUND INC DATE OF NAME CHANGE: 19870120 FORMER COMPANY: FORMER CONFORMED NAME: TELEVISION ELECTRONICS FUND INC DATE OF NAME CHANGE: 19680207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER BLUE CHIP FUND CENTRAL INDEX KEY: 0000823342 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 363542349 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-17777 FILM NUMBER: 96687826 BUSINESS ADDRESS: STREET 1: 120 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3127811121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER VALUE PLUS GROWTH FUND CENTRAL INDEX KEY: 0000946751 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-61433 FILM NUMBER: 96687827 BUSINESS ADDRESS: STREET 1: 120 SOUTH LASALLE STREET CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3127811121 MAIL ADDRESS: STREET 1: 120 SOUTH LASALLE STREET CITY: CHICAGO STATE: IL ZIP: 60603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER QUANTITATIVE EQUITY FUND CENTRAL INDEX KEY: 0000949461 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-63645 FILM NUMBER: 96687828 BUSINESS ADDRESS: STREET 1: 120 SOUTH LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3127811121 MAIL ADDRESS: STREET 1: 120 SOUTH LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 497 1 PROSPECTUS SUPPL. 1 KEMPER EQUITY FUNDS SUPPLEMENT TO PROSPECTUS DATED DECEMBER 31, 1996 CLASS I SHARES KEMPER AGGRESSIVE GROWTH FUND KEMPER BLUE CHIP FUND KEMPER GROWTH FUND KEMPER QUANTITATIVE EQUITY FUND KEMPER SMALL CAPITALIZATION EQUITY FUND KEMPER TECHNOLOGY FUND KEMPER TOTAL RETURN FUND KEMPER VALUE+GROWTH FUND Kemper Aggressive Growth Fund ("Aggressive Growth Fund"), Kemper Blue Chip Fund (the "Blue Chip Fund"), Kemper Growth Fund (the "Growth Fund"), Kemper Quantitative Equity Fund (the "Quantitative Fund"), Kemper Small Capitalization Equity Fund (the "Small Cap Fund"), Kemper Technology Fund (the "Technology Fund"), Kemper Total Return Fund (the "Total Return Fund") and Kemper Value+Growth Fund (the "Value+Growth" Fund) (collectively, the "Funds") currently offer four classes of shares to provide investors with different purchasing options. These are Class A, Class B and Class C shares, which are described in the prospectus, and Class I shares, which are described in the prospectus as supplemented hereby. Class I shares are available for purchase exclusively by the following investors: (a) tax-exempt retirement plans of Zurich Kemper Investments, Inc. ("ZKI") and its affiliates; and (b) the following investment advisory clients of ZKI and its investment advisory affiliates that invest at least $1 million in a Fund: (1) unaffiliated benefit plans, such as qualified retirement plans (other than individual retirement accounts and self-directed retirement plans); (2) unaffiliated banks and insurance companies purchasing for their own accounts; and (3) endowment funds of unaffiliated non-profit organizations. Class I shares currently are available for purchase only from Kemper Distributors, Inc., principal underwriter for the Funds. Share certificates are not available for Class I shares. The primary distinctions among the classes of each Fund's shares lie in their initial and contingent deferred sales charge schedules and in their ongoing expenses, including asset-based sales charges in the form of Rule 12b-1 distribution fees. Class I shares are offered at net asset value without an initial sales charge and are not subject to a contingent deferred sales charge or a Rule 12b-1 distribution fee. Also, there is no administrative services fee charged to Class I shares. As a result of the relatively lower expenses for Class I shares, the level of income dividends per share (as a percentage of net asset value) and, therefore, the overall investment return, will be higher for Class I shares than for Class A, Class B and Class C shares. The following information supplements the indicated sections of the prospectus. SUMMARY OF EXPENSES
SHAREHOLDER TRANSACTION EXPENSES (APPLICABLE TO ALL FUNDS) CLASS I - ----------------------------------------------------------------------------------------- ------- Maximum Sales Charge on Purchases (as a percentage of offering price).................................................... None Maximum Sales Charge on Reinvested Dividends............................................. None Redemption Fees.......................................................................... None Exchange Fee............................................................................. None Deferred Sales Charge (as a percentage of redemption proceeds)........................... None
2
ANNUAL FUND OPERATING EXPENSES AGGRESSIVE BLUE SMALL TOTAL VALUE+ (AS A PERCENTAGE OF AVERAGE GROWTH CHIP GROWTH QUANTITATIVE CAP TECHNOLOGY RETURN GROWTH NET ASSETS) FUND FUND FUND FUND FUND FUND FUND FUND ---------- ---- ------ ------------ ----- ---------- ------ ------ Management Fees............... .65% .58% .54% .58% .52% .56% .54% .72% 12b-1 Fees.................... None None None None None None None None Other Expenses................ .30% .73% .10% .15% .14% .20% .07% .15% ---- ---- ---- ---- ---- ---- ---- ---- Total Operating Expenses...... .95% 1.31% .64% .73% .66% .76% .72% .87% ==== ==== ==== ==== ==== ==== ==== ====
EXAMPLE FUND 1 YEAR 3 YEARS 5 YEARS 10 YEARS - ----------------------------------------------- ------------------ ------ ------- ------- -------- You would pay the following expenses on a Aggressive Growth $ 10 $30 -- -- $1,000 investment, assuming (1) 5% annual return and Blue Chip $ 13 $42 $72 $158 (2) redemption at the end of each time period: Growth $ 7 $20 $36 $ 80 Quantitative $ 7 $23 -- -- Small Cap $ 7 $21 $37 $ 82 Technology $ 8 $24 $42 $ 94 Total Return $ 7 $23 $40 $ 89 Value+Growth $ 9 $28 -- --
The purpose of the preceding table is to assist investors in understanding the various costs and expenses that an investor in Class I shares of a Fund will bear directly or indirectly. The base management fee for the Aggressive Growth Fund and the Small Cap Fund is .65%. The base management fee is subject to an upward or downward performance adjustment whereby the management fee will be between .45% and .85% for the Aggressive Growth Fund and between .35% and .95% for the Small Cap Fund. For the Small Cap Fund, the table reflects the base management fee for the prior fiscal year after such adjustment. The Aggressive Growth Fund will commence operations on or about December 31, 1996; thus, "Management Fees" reflects the base management fee and "Other Expenses" shown above for Class I shares is an estimate for the current fiscal year and the expenses shown in the Example are for only the one and three year periods. Since no Class I shares for the Value+Growth Fund had been issued as of the Fund's fiscal year end, "Other Expenses" shown above is an estimate. See "Investment Manager and Underwriter" in the prospectus. The Example assumes a 5% annual rate of return pursuant to requirements of the Securities and Exchange Commission. This hypothetical rate of return is not intended to be representative of past or future performance of any Fund. THE EXAMPLE SHOULD NOT BE CONSIDERED TO BE A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESSER THAN THOSE SHOWN. 2 3 FINANCIAL HIGHLIGHTS KEMPER BLUE CHIP FUND
NOVEMBER 22, 1995 TO OCTOBER 31, 1996 ------------ PER SHARE OPERATING PERFORMANCE: Net asset value, beginning of period $15.30 - ------------------------------------------------------------------------------------------------------------------------ Income from investment operations: Net investment income .36 - ------------------------------------------------------------------------------------------------------------------------ Net realized and unrealized gain 2.96 - ------------------------------------------------------------------------------------------------------------------------ Total from investment operations 3.32 - ------------------------------------------------------------------------------------------------------------------------ Less dividends: Distribution from net investment income .24 - ------------------------------------------------------------------------------------------------------------------------ Distribution from net realized gain 1.20 - ------------------------------------------------------------------------------------------------------------------------ Total dividends 1.44 - ------------------------------------------------------------------------------------------------------------------------ Net asset value, end of period $17.18 - ------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN (NOT ANNUALIZED) 21.89% - ------------------------------------------------------------------------------------------------------------------------ RATIOS TO AVERAGE NET ASSETS (ANNUALIZED) Expenses 1.31% - ------------------------------------------------------------------------------------------------------------------------ Net investment income 1.33% - ------------------------------------------------------------------------------------------------------------------------
KEMPER GROWTH FUND
YEAR ENDED JULY 3 TO SEPTEMBER 30, SEPTEMBER 30, 1996 1995 ------------- ------------- PER SHARE OPERATING PERFORMANCE: Net asset value, beginning of period $ 16.09 14.80 - ------------------------------------------------------------------------------------------------------------------------ Income from investment operations: Net investment income .19 .03 - ------------------------------------------------------------------------------------------------------------------------ Net realized and unrealized gain 2.74 1.26 - ------------------------------------------------------------------------------------------------------------------------ Total from investment operations 2.93 1.29 - ------------------------------------------------------------------------------------------------------------------------ Less dividends: Distribution from net investment income .08 -- - ------------------------------------------------------------------------------------------------------------------------ Distribution from net realized gain 1.68 -- - ------------------------------------------------------------------------------------------------------------------------ Total dividends 1.76 -- - ------------------------------------------------------------------------------------------------------------------------ Net asset value, end of period $ 17.26 16.09 - ------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN (NOT ANNUALIZED) 20.19% 8.72 - ------------------------------------------------------------------------------------------------------------------------ RATIOS TO AVERAGE NET ASSETS (ANNUALIZED) Expenses .64% .59 - ------------------------------------------------------------------------------------------------------------------------ Net investment income 1.08% .92 - ------------------------------------------------------------------------------------------------------------------------
3 4 KEMPER QUANTITATIVE EQUITY FUND
SEPTEMBER 9 TO NOVEMBER 30, 1996 ------------- PER SHARE OPERATING PERFORMANCE: Net asset value, beginning of period $ 9.67 - ------------------------------------------------------------------------------------------------------------------------ Income from investment operations: Net investment loss -- - ------------------------------------------------------------------------------------------------------------------------ Net realized and unrealized gain 1.47 - ------------------------------------------------------------------------------------------------------------------------ Total from investment operations 1.47 - ------------------------------------------------------------------------------------------------------------------------ Net asset value, end of period $ 11.14 - ------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN (NOT ANNUALIZED) 15.20% - ------------------------------------------------------------------------------------------------------------------------ RATIOS TO AVERAGE NET ASSETS (ANNUALIZED) Expenses absorbed by the Fund 1.08% - ------------------------------------------------------------------------------------------------------------------------ Net investment loss (.05)% - ------------------------------------------------------------------------------------------------------------------------ OTHER RATIOS TO AVERAGE NET ASSETS (ANNUALIZED) Expenses 2.23% - ------------------------------------------------------------------------------------------------------------------------ Net investment loss (1.20)% - ------------------------------------------------------------------------------------------------------------------------
KEMPER SMALL CAPITALIZATION EQUITY FUND
YEAR ENDED JULY 3 TO SEPTEMBER 30, SEPTEMBER 30, 1996 1995 ------------- ------------- PER SHARE OPERATING PERFORMANCE: Net asset value, beginning of period $ 7.15 6.27 - ------------------------------------------------------------------------------------------------------------------------ Income from investment operations: Net investment income .01 -- - ------------------------------------------------------------------------------------------------------------------------ Net realized and unrealized gain .94 .88 - ------------------------------------------------------------------------------------------------------------------------ Total from investment operations .95 .88 - ------------------------------------------------------------------------------------------------------------------------ Less distribution from net realized gain 1.05 -- - ------------------------------------------------------------------------------------------------------------------------ Net asset value, end of period $ 7.05 7.15 - ------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN (NOT ANNUALIZED) 16.76% 14.04 - ------------------------------------------------------------------------------------------------------------------------ RATIOS TO AVERAGE NET ASSETS (ANNUALIZED) Expenses .66% .79 - ------------------------------------------------------------------------------------------------------------------------ Net investment income (loss) .16% (.14) - ------------------------------------------------------------------------------------------------------------------------
4 5 KEMPER TECHNOLOGY FUND
YEAR ENDED JULY 3 TO OCTOBER 31, OCTOBER 31, 1996 1995 ----------- ----------- PER SHARE OPERATING PERFORMANCE: Net asset value, beginning of period $ 14.64 12.72 - ------------------------------------------------------------------------------------------------------------------------ Income from investment operations: Net investment loss (.07) (.02) - ------------------------------------------------------------------------------------------------------------------------ Net realized and unrealized gain .76 1.94 - ------------------------------------------------------------------------------------------------------------------------ Total from investment operations .69 1.92 - ------------------------------------------------------------------------------------------------------------------------ Less distribution from net realized gain 2.13 -- - ------------------------------------------------------------------------------------------------------------------------ Net asset value, end of period $ 13.20 14.64 - ------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN (NOT ANNUALIZED) 8.06% 15.09 - ------------------------------------------------------------------------------------------------------------------------ RATIOS TO AVERAGE NET ASSETS (ANNUALIZED) Expenses .76% .65 - ------------------------------------------------------------------------------------------------------------------------ Net investment loss (.49)% (.33) - ------------------------------------------------------------------------------------------------------------------------
KEMPER TOTAL RETURN FUND
YEAR ENDED JULY 3 TO OCTOBER 31, OCTOBER 31, 1996 1995 ----------- ----------- PER SHARE OPERATING PERFORMANCE: Net asset value, beginning of period $ 10.61 10.07 - ------------------------------------------------------------------------------------------------------------------------ Income from investment operations: Net investment income .32 .10 - ------------------------------------------------------------------------------------------------------------------------ Net realized and unrealized gain 1.23 .52 - ------------------------------------------------------------------------------------------------------------------------ Total from investment operations 1.55 .62 - ------------------------------------------------------------------------------------------------------------------------ Less dividends: Distribution from net investment income .39 .08 - ------------------------------------------------------------------------------------------------------------------------ Distribution from net realized gain .50 -- - ------------------------------------------------------------------------------------------------------------------------ Total dividends .89 .08 - ------------------------------------------------------------------------------------------------------------------------ Net asset value, end of period $ 11.27 10.61 - ------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN (NOT ANNUALIZED) 15.64% 6.21 - ------------------------------------------------------------------------------------------------------------------------ RATIOS TO AVERAGE NET ASSETS (ANNUALIZED) Expenses .72% .61 - ------------------------------------------------------------------------------------------------------------------------ Net investment income 3.09% 2.97 - ------------------------------------------------------------------------------------------------------------------------
5 6 No financial information is presented for Class I shares of the Value+Growth Fund since no Class I shares had been issued as of the Fund's fiscal year end. The Aggressive Growth Fund will commence operations on or about December 31, 1996. SPECIAL FEATURES Shareholders of a Fund's Class I shares may exchange their shares for (i) shares of Kemper Money Funds-- Kemper Money Market Fund if the shareholders of Class I shares have purchased shares because they are participants in tax-exempt retirement plans of ZKI and its affiliates and (ii) Class I shares of any other "Kemper Mutual Fund" listed under "Special Features--Class A Shares--Combined Purchases" in the prospectus. Conversely, shareholders of Kemper Money Funds--Kemper Money Market Fund who have purchased shares because they are participants in tax-exempt retirement plans of ZKI and its affiliates may exchange their shares for Class I shares of "Kemper Mutual Funds" to the extent that they are available through their plan. Exchanges will be made at the relative net asset values of the shares. Exchanges are subject to the limitations set forth in the prospectus under "Special Features--Exchange Privilege--General." December 31, 1996 KEF - 1 (12/96) 6 -----END PRIVACY-ENHANCED MESSAGE-----